Question

TurboTax Deluxe changed the business name on one of my Form Cs

Forum|Forum|4 years ago
March 19, 2022
2 replies
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I went through the step by step until I got to the point where I needed to add details to my Form Cs and found that somewhere along the line, TurboTax changed my Form C for one of my businesses to reflect the text put in the prompt for "Describe the reason for this 1099-NEC". I have LOTS of forms attached to that original Form C, so no way I want to create a new one and try to start that all over again. So how to I rename (edit) the wayward Form C to what it is supposed to be?

Or do I just start this whole process all over again and hope it doesn't get screwed up again? Not the best option....

I've been using TurboTax for years, and this is the first time this has happened.

A

AnnetteB6

If you are using TurboTax Online, use the following steps to change the description of your business:

While you are working on your return, click Federal on the left side of the screen, then Income and Expenses at the top of the screen
Click Review beside Self-employment income and expenses
Click Edit or Review beside the Schedule C description you want to change
Click Edit beside General Info
Click Edit underneath Work Description to change the description for the Schedule C business

If you are using a CD/downloaded version of TurboTax, the steps are similar:

Locate the search box in the upper right corner
Type in “schedule c” and click Find
The search results will give you an option to “Jump to schedule c”
Click on the blue “Jump to schedule c” link
Click Edit beside the Schedule C description you want to change
Click Start or Update beside General Business Information
Update the business description field as needed

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R

rich_zuchAuthor

Thank you. That does seem kind of odd to me, though, as there is a description prompt as well as a business name prompt, which in this case I need to make both the same text. I am using the CD version, btw.

It works, but I would think the description prompt should actually be a DESCRIPTION of the business and not just the name, which in this case, really is not very descriptive at all. It actually got changed somehow because it used the description of the 1099-NEC I chose for that business entity and changed the name on the Form C.

Thanks again.

P

pilchtax

The first prompt on the 1099-NEC worksheet wants a general category of the purpose of the 1099, "e.g., teaching." It does not ask for my business and says it will ask for that later.

Then the second prompt asks to "select the business" that created the income. What should I put in that box? Should it be the name of my business? What if I have more than one business?

J

JamesG1

In an effort to eliminate confusion and avoid relabeling of entries, I recommend that you:

First, create the self-employment activities within TurboTax, then,
Second, enter IRS form 1099-NEC income into the appropriate self-employment activity.

So, if you have self-employment activities A and B and IRS forms 1099-NEC X, Y and Z:

Create self-employment activity A, then
Create self-employment activity B, then

Enter the appropriate 1099-NEC into the correct self-employment activity. For instance,

Enter IRS form 1099-NEC X and Y into self-employment activity A, and
Enter IRS form 1099-NEC Z into self-employment activity B.

In TurboTax Online, create the self-employment activity by following these steps:

Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Self-employment click on the dropdown menu.
Click Start/Revisit to the right of Self-employment income and expenses.

In TurboTax Online, within the create the self-employment activity: